HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) | |||||||
March 31, 2024 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 80.1% | |||||||
ADVERTISING & MARKETING - 0.1% | |||||||
1,140 | Omnicom Group, Inc. | $ 110,306 | |||||
3,148 | Trade Desk, Inc. (The), Class A(a) | 275,199 | |||||
385,505 | |||||||
AEROSPACE & DEFENSE - 1.1% | |||||||
3,195 | Boeing Company (The)(a) | 616,603 | |||||
1,292 | General Dynamics Corporation | 364,977 | |||||
2,326 | Howmet Aerospace, Inc. | 159,168 | |||||
1,101 | L3Harris Technologies, Inc. | 234,623 | |||||
1,481 | Lockheed Martin Corporation | 673,662 | |||||
863 | Northrop Grumman Corporation | 413,084 | |||||
8,350 | Raytheon Technologies Corporation | 814,376 | |||||
291 | Teledyne Technologies, Inc.(a) | 124,932 | |||||
1,133 | Textron, Inc. | 108,689 | |||||
254 | TransDigm Group, Inc. | 312,826 | |||||
3,822,940 | |||||||
APPAREL & TEXTILE PRODUCTS - 0.2% | |||||||
126 | Deckers Outdoor Corporation(a) | 118,599 | |||||
7,288 | NIKE, Inc., Class B | 684,926 | |||||
803,525 | |||||||
ASSET MANAGEMENT - 0.9% | |||||||
589 | Ameriprise Financial, Inc. | 258,241 | |||||
2,363 | Apollo Global Management, Inc. | 265,719 | |||||
807 | Ares Management Corporation, Class A | 107,315 | |||||
820 | BlackRock, Inc. | 683,635 | |||||
4,112 | Blackstone, Inc. | 540,193 | |||||
7,939 | Charles Schwab Corporation (The) | 574,307 | |||||
3,638 | KKR & Company, Inc. | 365,910 | |||||
373 | LPL Financial Holdings, Inc. | 98,547 | |||||
1,148 | Raymond James Financial, Inc. | 147,426 | |||||
1,242 | T Rowe Price Group, Inc. | 151,425 | |||||
3,192,718 | |||||||
AUTOMOTIVE - 1.2% | |||||||
23,499 | Ford Motor Company | 312,067 | |||||
8,626 | General Motors Company | 391,189 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
March 31, 2024 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 80.1% (Continued) | |||||||
AUTOMOTIVE - 1.2% (Continued) | |||||||
21,411 | Tesla, Inc.(a) | $ 3,763,840 | |||||
4,467,096 | |||||||
BANKING - 2.7% | |||||||
41,680 | Bank of America Corporation | 1,580,506 | |||||
10,978 | Citigroup, Inc. | 694,249 | |||||
2,292 | Citizens Financial Group, Inc. | 83,177 | |||||
4,606 | Fifth Third Bancorp | 171,389 | |||||
8,398 | Huntington Bancshares, Inc. | 117,152 | |||||
22,149 | JPMorgan Chase & Company | 4,436,444 | |||||
5,201 | KeyCorporation | 82,228 | |||||
971 | M&T Bank Corporation | 141,222 | |||||
2,385 | PNC Financial Services Group, Inc. (The) | 385,416 | |||||
5,711 | Regions Financial Corporation | 120,159 | |||||
7,861 | Truist Financial Corporation | 306,422 | |||||
8,440 | US Bancorp | 377,268 | |||||
21,156 | Wells Fargo & Company | 1,226,202 | |||||
9,721,834 | |||||||
BEVERAGES - 1.0% | |||||||
2,016 | Brown-Forman Corporation, Class B | 104,066 | |||||
22,816 | Coca-Cola Company (The) | 1,395,883 | |||||
954 | Constellation Brands, Inc., Class A | 259,259 | |||||
5,539 | Keurig Dr Pepper, Inc. | 169,881 | |||||
3,133 | Monster Beverage Corporation(a) | 185,724 | |||||
8,096 | PepsiCo, Inc. | 1,416,881 | |||||
3,531,694 | |||||||
BIOTECH & PHARMA - 4.8% | |||||||
10,629 | AbbVie, Inc. | 1,935,541 | |||||
716 | Alnylam Pharmaceuticals, Inc.(a) | 107,006 | |||||
3,131 | Amgen, Inc. | 890,206 | |||||
891 | Biogen, Inc.(a) | 192,126 | |||||
1,019 | BioMarin Pharmaceutical, Inc.(a) | 88,999 | |||||
12,657 | Bristol-Myers Squibb Company | 686,389 | |||||
6,525 | Eli Lilly and Company | 5,076,190 | |||||
7,607 | Gilead Sciences, Inc. | 557,213 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
March 31, 2024 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 80.1% (Continued) | |||||||
BIOTECH & PHARMA - 4.8% (Continued) | |||||||
1,108 | Incyte Corporation(a) | $ 63,123 | |||||
16,770 | Johnson & Johnson | 2,652,847 | |||||
15,294 | Merck & Company, Inc. | 2,018,043 | |||||
2,074 | Moderna, Inc.(a) | 221,005 | |||||
35,400 | Pfizer, Inc. | 982,350 | |||||
605 | Regeneron Pharmaceuticals, Inc.(a) | 582,306 | |||||
2,140 | Royalty Pharma plc, Class A | 64,992 | |||||
1,524 | Vertex Pharmaceuticals, Inc.(a) | 637,047 | |||||
6,207 | Viatris, Inc. | 74,112 | |||||
2,716 | Zoetis, Inc. | 459,574 | |||||
17,289,069 | |||||||
CABLE & SATELLITE - 0.3% | |||||||
554 | Charter Communications, Inc., Class A(a) | 161,009 | |||||
24,051 | Comcast Corporation, Class A | 1,042,611 | |||||
1,203,620 | |||||||
CHEMICALS - 1.1% | |||||||
1,173 | Air Products and Chemicals, Inc. | 284,183 | |||||
738 | Albemarle Corporation | 97,224 | |||||
481 | Avery Dennison Corporation | 107,383 | |||||
1,086 | CF Industries Holdings, Inc. | 90,366 | |||||
4,594 | Corteva, Inc. | 264,936 | |||||
4,070 | Dow, Inc. | 235,775 | |||||
2,505 | DuPont de Nemours, Inc. | 192,058 | |||||
1,451 | Ecolab, Inc. | 335,036 | |||||
1,608 | International Flavors & Fragrances, Inc. | 138,272 | |||||
2,799 | Linde plc | 1,299,633 | |||||
1,526 | LyondellBasell Industries N.V., Class A | 156,079 | |||||
1,715 | Mosaic Company (The) | 55,669 | |||||
1,327 | PPG Industries, Inc. | 192,282 | |||||
580 | RPM International, Inc. | 68,991 | |||||
1,337 | Sherwin-Williams Company (The) | 464,381 | |||||
3,982,268 | |||||||
COMMERCIAL SUPPORT SERVICES - 0.3% | |||||||
484 | Cintas Corporation | 332,523 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
March 31, 2024 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 80.1% (Continued) | |||||||
COMMERCIAL SUPPORT SERVICES - 0.3% (Continued) | |||||||
1,092 | Republic Services, Inc. | $ 209,052 | |||||
2,341 | Waste Management, Inc. | 498,984 | |||||
1,040,559 | |||||||
CONSTRUCTION MATERIALS - 0.2% | |||||||
322 | Carlisle Companies, Inc. | 126,176 | |||||
3,858 | CRH plc | 332,790 | |||||
375 | Martin Marietta Materials, Inc. | 230,228 | |||||
811 | Vulcan Materials Company | 221,338 | |||||
910,532 | |||||||
CONTAINERS & PACKAGING - 0.1% | |||||||
1,763 | Ball Corporation | 118,756 | |||||
1,742 | International Paper Company | 67,973 | |||||
548 | Packaging Corporation of America | 103,999 | |||||
290,728 | |||||||
DATA CENTER REIT - 0.2% | |||||||
1,796 | Digital Realty Trust, Inc. | 258,696 | |||||
522 | Equinix, Inc. | 430,822 | |||||
689,518 | |||||||
DIVERSIFIED INDUSTRIALS - 1.1% | |||||||
3,083 | 3M Company | 327,014 | |||||
870 | Dover Corporation | 154,155 | |||||
2,196 | Eaton Corporation PLC | 686,645 | |||||
3,308 | Emerson Electric Company | 375,193 | |||||
6,245 | General Electric Company | 1,096,186 | |||||
3,848 | Honeywell International, Inc. | 789,802 | |||||
1,740 | Illinois Tool Works, Inc. | 466,894 | |||||
3,895,889 | |||||||
E-COMMERCE DISCRETIONARY - 3.4% | |||||||
67,139 | Amazon.com, Inc.(a) | 12,110,533 | |||||
2,887 | eBay, Inc. | 152,376 | |||||
12,262,909 | |||||||
ELECTRIC UTILITIES - 1.4% | |||||||
1,759 | Alliant Energy Corporation | 88,654 | |||||
1,491 | Ameren Corporation | 110,274 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
March 31, 2024 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 80.1% (Continued) | |||||||
ELECTRIC UTILITIES - 1.4% (Continued) | |||||||
2,928 | American Electric Power Company, Inc. | $ 252,101 | |||||
3,166 | CenterPoint Energy, Inc. | 90,199 | |||||
1,535 | CMS Energy Corporation | 92,622 | |||||
1,919 | Consolidated Edison, Inc. | 174,264 | |||||
1,868 | Constellation Energy Corporation | 345,300 | |||||
5,095 | Dominion Energy, Inc. | 250,623 | |||||
1,153 | DTE Energy Company | 129,297 | |||||
4,544 | Duke Energy Corporation | 439,450 | |||||
2,252 | Edison International | 159,284 | |||||
1,176 | Entergy Corporation | 124,280 | |||||
1,153 | Evergy, Inc. | 61,547 | |||||
2,109 | Eversource Energy | 126,055 | |||||
5,805 | Exelon Corporation | 218,094 | |||||
3,221 | FirstEnergy Corporation | 124,395 | |||||
12,482 | NextEra Energy, Inc. | 797,724 | |||||
13,627 | PG&E Corporation | 228,389 | |||||
4,515 | PPL Corporation | 124,298 | |||||
2,799 | Public Service Enterprise Group, Inc. | 186,917 | |||||
3,689 | SEMPRA | 264,981 | |||||
6,295 | Southern Company (The) | 451,603 | |||||
1,780 | WEC Energy Group, Inc. | 146,174 | |||||
3,386 | Xcel Energy, Inc. | 181,998 | |||||
5,168,523 | |||||||
ELECTRICAL EQUIPMENT - 0.7% | |||||||
1,333 | AMETEK, Inc. | 243,806 | |||||
3,328 | Amphenol Corporation, Class A | 383,885 | |||||
5,027 | Carrier Global Corporation | 292,220 | |||||
2,187 | Fortive Corporation | 188,126 | |||||
288 | Hubbell, Inc. | 119,534 | |||||
3,938 | Johnson Controls International plc | 257,230 | |||||
940 | Keysight Technologies, Inc.(a) | 146,997 | |||||
2,452 | Otis Worldwide Corporation | 243,410 | |||||
667 | Rockwell Automation, Inc. | 194,317 | |||||
1,275 | Trane Technologies PLC | 382,755 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
March 31, 2024 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 80.1% (Continued) | |||||||
ELECTRICAL EQUIPMENT - 0.7% (Continued) | |||||||
1,383 | Trimble, Inc.(a) | $ 89,010 | |||||
2,541,290 | |||||||
ENGINEERING & CONSTRUCTION - 0.1% | |||||||
644 | Jacobs Solutions, Inc. | 99,002 | |||||
826 | Quanta Services, Inc. | 214,595 | |||||
313,597 | |||||||
ENTERTAINMENT CONTENT - 0.5% | |||||||
1,500 | Electronic Arts, Inc. | 199,005 | |||||
2,201 | ROBLOX Corporation, Class A(a) | 84,034 | |||||
960 | Take-Two Interactive Software, Inc.(a) | 142,550 | |||||
10,148 | Walt Disney Company (The) | 1,241,710 | |||||
14,519 | Warner Bros Discovery, Inc.(a) | 126,751 | |||||
1,794,050 | |||||||
FOOD - 0.5% | |||||||
3,082 | Conagra Brands, Inc. | 91,350 | |||||
3,498 | General Mills, Inc. | 244,755 | |||||
893 | Hershey Company (The) | 173,689 | |||||
525 | JM Smucker Co./The | 66,082 | |||||
1,650 | Kellanova | 94,529 | |||||
4,349 | Kraft Heinz Company (The) | 160,478 | |||||
900 | Lamb Weston Holdings, Inc. | 95,877 | |||||
1,325 | McCormick & Company, Inc. | 101,773 | |||||
7,891 | Mondelez International, Inc., A | 552,369 | |||||
1,838 | Tyson Foods, Inc., Class A | 107,946 | |||||
1,688,848 | |||||||
GAMING REIT - 0.1% | |||||||
6,064 | VICI Properties, Inc. | 180,647 | |||||
GAS & WATER UTILITIES - 0.1% | |||||||
1,146 | American Water Works Company, Inc. | 140,053 | |||||
762 | Atmos Energy Corporation | 90,579 | |||||
230,632 | |||||||
HEALTH CARE FACILITIES & SERVICES - 2.2% | |||||||
1,366 | Cardinal Health, Inc. | 152,855 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
March 31, 2024 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 80.1% (Continued) | |||||||
HEALTH CARE FACILITIES & SERVICES - 2.2% (Continued) | |||||||
1,005 | Cencora, Inc. | $ 244,205 | |||||
3,207 | Centene Corporation(a) | 251,685 | |||||
1,772 | Cigna Group (The) | 643,573 | |||||
7,754 | CVS Health Corporation | 618,459 | |||||
1,372 | Elevance Health, Inc. | 711,438 | |||||
1,247 | HCA Healthcare, Inc. | 415,912 | |||||
745 | Humana, Inc. | 258,306 | |||||
1,033 | IQVIA Holdings, Inc.(a) | 261,235 | |||||
555 | Laboratory Corp of America Holdings | 121,245 | |||||
793 | McKesson Corporation | 425,722 | |||||
321 | Molina Healthcare, Inc.(a) | 131,876 | |||||
649 | Quest Diagnostics, Inc. | 86,388 | |||||
7,030 | UnitedHealth Group, Inc. | 3,477,742 | |||||
7,800,641 | |||||||
HEALTH CARE REIT - 0.1% | |||||||
2,708 | Ventas, Inc. | 117,906 | |||||
3,007 | Welltower, Inc. | 280,974 | |||||
398,880 | |||||||
HOME CONSTRUCTION - 0.3% | |||||||
1,869 | DR Horton, Inc. | 307,544 | |||||
1,411 | Lennar Corporation, Class A | 242,664 | |||||
1,526 | Masco Corporation | 120,371 | |||||
17 | NVR, Inc.(a) | 137,699 | |||||
1,400 | PulteGroup, Inc. | 168,868 | |||||
977,146 | |||||||
HOTEL REIT - 0.0%(b) | |||||||
3,515 | Host Hotels & Resorts, Inc. | 72,690 | |||||
HOUSEHOLD PRODUCTS - 1.0% | |||||||
1,272 | Church & Dwight Company, Inc. | 132,682 | |||||
644 | Clorox Company (The) | 98,603 | |||||
4,961 | Colgate-Palmolive Company | 446,738 | |||||
1,257 | Estee Lauder Companies, Inc. (The), Class A | 193,767 | |||||
10,420 | Kenvue, Inc. | 223,613 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
March 31, 2024 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 80.1% (Continued) | |||||||
HOUSEHOLD PRODUCTS - 1.0% (Continued) | |||||||
1,892 | Kimberly-Clark Corporation | $ 244,730 | |||||
14,306 | Procter & Gamble Company (The) | 2,321,149 | |||||
3,661,282 | |||||||
INDUSTRIAL REIT - 0.2% | |||||||
5,520 | Prologis, Inc. | 718,814 | |||||
INDUSTRIAL SUPPORT SERVICES - 0.2% | |||||||
3,343 | Fastenal Company | 257,879 | |||||
374 | United Rentals, Inc. | 269,695 | |||||
214 | WW Grainger, Inc. | 217,702 | |||||
745,276 | |||||||
INFRASTRUCTURE REIT - 0.3% | |||||||
2,818 | American Tower Corporation, A | 556,809 | |||||
2,397 | Crown Castle, Inc. | 253,675 | |||||
650 | SBA Communications Corporation, A | 140,855 | |||||
144 | Texas Pacific Land Corporation | 83,305 | |||||
1,034,644 | |||||||
INSTITUTIONAL FINANCIAL SERVICES - 0.9% | |||||||
4,404 | Bank of New York Mellon Corporation (The) | 253,758 | |||||
648 | Cboe Global Markets, Inc. | 119,057 | |||||
1,971 | CME Group, Inc. | 424,337 | |||||
1,938 | Goldman Sachs Group, Inc. (The) | 809,484 | |||||
3,131 | Intercontinental Exchange, Inc. | 430,293 | |||||
7,670 | Morgan Stanley | 722,208 | |||||
2,200 | Nasdaq, Inc. | 138,820 | |||||
1,220 | Northern Trust Corporation | 108,482 | |||||
1,707 | State Street Corporation | 131,985 | |||||
3,138,424 | |||||||
INSURANCE - 2.7% | |||||||
3,157 | Aflac, Inc. | 271,060 | |||||
1,536 | Allstate Corporation (The) | 265,743 | |||||
4,062 | American International Group, Inc. | 317,527 | |||||
1,113 | Aon PLC, Class A | 371,430 | |||||
1,998 | Arch Capital Group Ltd.(a) | 184,695 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
March 31, 2024 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 80.1% (Continued) | |||||||
INSURANCE - 2.7% (Continued) | |||||||
1,272 | Arthur J Gallagher & Company | $ 318,051 | |||||
10,269 | Berkshire Hathaway, Inc., Class B(a) | 4,318,320 | |||||
1,178 | Brown & Brown, Inc. | 103,122 | |||||
2,340 | Chubb Ltd. | 606,364 | |||||
861 | Cincinnati Financial Corporation | 106,910 | |||||
1,936 | Hartford Financial Services Group, Inc. (The) | 199,505 | |||||
79 | Markel Group, Inc.(a) | 120,197 | |||||
2,724 | Marsh & McLennan Companies, Inc. | 561,090 | |||||
3,810 | MetLife, Inc. | 282,359 | |||||
1,243 | Principal Financial Group, Inc. | 107,283 | |||||
3,367 | Progressive Corporation (The) | 696,363 | |||||
2,189 | Prudential Financial, Inc. | 256,989 | |||||
1,349 | Travelers Companies, Inc. (The) | 310,459 | |||||
1,264 | W R Berkley Corporation | 111,788 | |||||
589 | Willis Towers Watson PLC | 161,975 | |||||
9,671,230 | |||||||
INTERNET MEDIA & SERVICES – 6.9% | |||||||
2,430 | Airbnb, Inc., Class A(a) | 400,853 | |||||
45,215 | Alphabet, Inc., Class A(a) | 6,824,299 | |||||
38,968 | Alphabet, Inc., Class C(a) | 5,933,267 | |||||
202 | Booking Holdings, Inc. | 732,832 | |||||
1,651 | DoorDash, Inc., Class A(a) | 227,376 | |||||
718 | Expedia Group, Inc.(a) | 98,905 | |||||
984 | GoDaddy, Inc., Class A(a) | 116,781 | |||||
16,215 | Meta Platforms, Inc., Class A | 7,873,680 | |||||
2,443 | Netflix, Inc.(a) | 1,483,707 | |||||
3,702 | Pinterest, Inc., Class A(a) | 128,348 | |||||
11,144 | Uber Technologies, Inc.(a) | 857,977 | |||||
550 | VeriSign, Inc.(a) | 104,231 | |||||
24,782,256 | |||||||
LEISURE FACILITIES & SERVICES - 1.0% | |||||||
138 | Chipotle Mexican Grill, Inc.(a) | 401,134 | |||||
760 | Darden Restaurants, Inc. | 127,034 | |||||
224 | Domino's Pizza, Inc. | 111,301 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
March 31, 2024 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 80.1% (Continued) | |||||||
LEISURE FACILITIES & SERVICES - 1.0% (Continued) | |||||||
1,423 | Hilton Worldwide Holdings, Inc. | $ 303,540 | |||||
1,799 | Las Vegas Sands Corporation | 93,008 | |||||
1,462 | Marriott International, Inc., Class A | 368,877 | |||||
4,284 | McDonald's Corporation | 1,207,875 | |||||
1,490 | MGM Resorts International(a) | 70,343 | |||||
1,205 | Royal Caribbean Cruises Ltd.(a) | 167,507 | |||||
6,690 | Starbucks Corporation | 611,399 | |||||
1,603 | Yum! Brands, Inc. | 222,256 | |||||
3,684,274 | |||||||
LEISURE PRODUCTS - 0.0%(b) | |||||||
388 | Axon Enterprise, Inc.(a) | 121,397 | |||||
MACHINERY - 0.8% | |||||||
2,884 | Caterpillar, Inc. | 1,056,784 | |||||
1,534 | Deere & Company | 630,075 | |||||
441 | IDEX Corporation | 107,613 | |||||
2,100 | Ingersoll Rand, Inc. | 199,395 | |||||
744 | Parker-Hannifin Corporation | 413,508 | |||||
1,014 | Stanley Black & Decker, Inc. | 99,301 | |||||
1,215 | Veralto Corporation | 107,722 | |||||
1,458 | Xylem, Inc. | 188,432 | |||||
2,802,830 | |||||||
MEDICAL EQUIPMENT & DEVICES - 2.8% | |||||||
10,175 | Abbott Laboratories | 1,156,491 | |||||
1,881 | Agilent Technologies, Inc. | 273,704 | |||||
443 | Align Technology, Inc.(a) | 145,269 | |||||
3,118 | Avantor, Inc.(a) | 79,727 | |||||
3,493 | Baxter International, Inc. | 149,291 | |||||
1,841 | Becton Dickinson and Company | 455,555 | |||||
1,012 | Bio-Techne Corporation | 71,235 | |||||
8,392 | Boston Scientific Corporation(a) | 574,768 | |||||
1,030 | Cooper Companies, Inc. (The) | 104,504 | |||||
3,956 | Danaher Corporation | 987,892 | |||||
2,138 | DexCom, Inc.(a) | 296,541 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
March 31, 2024 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 80.1% (Continued) | |||||||
MEDICAL EQUIPMENT & DEVICES - 2.8% (Continued) | |||||||
3,568 | Edwards Lifesciences Corporation(a) | $ 340,958 | |||||
2,083 | GE HealthCare Technologies, Inc. | 189,366 | |||||
1,201 | Hologic, Inc.(a) | 93,630 | |||||
470 | IDEXX Laboratories, Inc.(a) | 253,767 | |||||
1,221 | Illumina, Inc.(a) | 167,668 | |||||
367 | Insulet Corporation(a) | 62,904 | |||||
2,087 | Intuitive Surgical, Inc.(a) | 832,901 | |||||
8,189 | Medtronic PLC | 713,671 | |||||
132 | Mettler-Toledo International, Inc.(a) | 175,730 | |||||
805 | ResMed, Inc. | 159,414 | |||||
684 | Revvity, Inc. | 71,820 | |||||
564 | STERIS plc | 126,798 | |||||
1,909 | Stryker Corporation | 683,174 | |||||
2,335 | Thermo Fisher Scientific, Inc. | 1,357,125 | |||||
339 | Waters Corporation(a) | 116,694 | |||||
413 | West Pharmaceutical Services, Inc. | 163,428 | |||||
1,104 | Zimmer Biomet Holdings, Inc. | 145,706 | |||||
9,949,731 | |||||||
METALS & MINING - 0.2% | |||||||
8,545 | Freeport-McMoRan, Inc. | 401,786 | |||||
5,041 | Newmont Corporation | 180,669 | |||||
582,455 | |||||||
MULTI ASSET CLASS REIT - 0.0%(b) | |||||||
1,044 | WP Carey, Inc. | 58,923 | |||||
OFFICE REIT - 0.0%(b) | |||||||
899 | Alexandria Real Estate Equities, Inc. | 115,890 | |||||
28 | NET Lease Office Properties | 666 | |||||
116,556 | |||||||
OIL & GAS PRODUCERS - 2.9% | |||||||
1,557 | APA Corporation | 53,530 | |||||
1,330 | Cheniere Energy, Inc. | 214,502 | |||||
10,245 | Chevron Corporation | 1,616,046 | |||||
6,944 | ConocoPhillips | 883,832 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
March 31, 2024 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 80.1% (Continued) | |||||||
OIL & GAS PRODUCERS - 2.9% (Continued) | |||||||
4,233 | Coterra Energy, Inc. | $ 118,016 | |||||
3,779 | Devon Energy Corporation | 189,630 | |||||
897 | Diamondback Energy, Inc. | 177,758 | |||||
3,270 | EOG Resources, Inc. | 418,037 | |||||
2,202 | EQT Corporation | 81,628 | |||||
31,041 | Exxon Mobil Corporation | 3,608,207 | |||||
1,619 | Hess Corporation | 247,124 | |||||
12,247 | Kinder Morgan, Inc. | 224,610 | |||||
3,425 | Marathon Oil Corporation | 97,065 | |||||
2,387 | Marathon Petroleum Corporation | 480,981 | |||||
3,778 | Occidental Petroleum Corporation | 245,532 | |||||
3,537 | ONEOK, Inc. | 283,561 | |||||
2,539 | Phillips 66 | 414,720 | |||||
1,346 | Pioneer Natural Resources Company | 353,325 | |||||
1,351 | Targa Resources Corporation | 151,298 | |||||
2,110 | Valero Energy Corporation | 360,156 | |||||
7,382 | Williams Companies, Inc. (The) | 287,677 | |||||
10,507,235 | |||||||
OIL & GAS SERVICES & EQUIPMENT - 0.2% | |||||||
5,825 | Baker Hughes Company | 195,138 | |||||
5,240 | Halliburton Company | 206,561 | |||||
8,079 | Schlumberger Limited | 442,809 | |||||
844,508 | |||||||
REAL ESTATE SERVICES - 0.1% | |||||||
1,957 | CBRE Group, Inc., Class A(a) | 190,299 | |||||
RENEWABLE ENERGY - 0.1% | |||||||
739 | Enphase Energy, Inc.(a) | 89,404 | |||||
647 | First Solar, Inc.(a) | 109,214 | |||||
198,618 | |||||||
RESIDENTIAL REIT - 0.2% | |||||||
851 | AvalonBay Communities, Inc. | 157,912 | |||||
651 | Camden Property Trust | 64,058 | |||||
2,110 | Equity Residential | 133,162 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
March 31, 2024 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 80.1% (Continued) | |||||||
RESIDENTIAL REIT - 0.2% (Continued) | |||||||
401 | Essex Property Trust, Inc. | $ 98,169 | |||||
3,640 | Invitation Homes, Inc. | 129,620 | |||||
701 | Mid-America Apartment Communities, Inc. | 92,238 | |||||
738 | Sun Communities, Inc. | 94,892 | |||||
1,769 | UDR, Inc. | 66,178 | |||||
836,229 | |||||||
RETAIL - CONSUMER STAPLES - 1.3% | |||||||
2,640 | Costco Wholesale Corporation | 1,934,143 | |||||
1,212 | Dollar General Corporation | 189,145 | |||||
1,262 | Dollar Tree, Inc.(a) | 168,035 | |||||
4,557 | Kroger Company (The) | 260,341 | |||||
2,684 | Target Corporation | 475,632 | |||||
4,197 | Walgreens Boots Alliance, Inc. | 91,033 | |||||
24,597 | Walmart, Inc. | 1,480,001 | |||||
4,598,330 | |||||||
RETAIL - DISCRETIONARY - 1.5% | |||||||
99 | AutoZone, Inc.(a) | 312,013 | |||||
1,350 | Best Buy Company, Inc. | 110,741 | |||||
841 | Genuine Parts Company | 130,296 | |||||
5,951 | Home Depot, Inc. (The) | 2,282,805 | |||||
3,439 | Lowe's Companies, Inc. | 876,016 | |||||
346 | O'Reilly Automotive, Inc.(a) | 390,592 | |||||
1,874 | Ross Stores, Inc. | 275,028 | |||||
6,636 | TJX Cos., Inc. (The) | 673,023 | |||||
581 | Tractor Supply Company | 152,059 | |||||
286 | Ulta Beauty, Inc.(a) | 149,544 | |||||
5,352,117 | |||||||
RETAIL REIT - 0.2% | |||||||
3,199 | Kimco Realty Corporation | 62,732 | |||||
3,976 | Realty Income Corporation | 215,102 | |||||
1,989 | Simon Property Group, Inc. | 311,259 | |||||
589,093 | |||||||
SELF-STORAGE REIT - 0.1% | |||||||
1,189 | Extra Space Storage, Inc. | 174,783 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
March 31, 2024 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 80.1% (Continued) | |||||||
SELF-STORAGE REIT - 0.1% (Continued) | |||||||
931 | Public Storage | $ 270,046 | |||||
444,829 | |||||||
SEMICONDUCTORS - 8.6% | |||||||
9,520 | Advanced Micro Devices, Inc.(a) | 1,718,265 | |||||
2,855 | Analog Devices, Inc. | 564,690 | |||||
4,620 | Applied Materials, Inc. | 952,783 | |||||
3,376 | Broadcom, Inc. | 4,474,584 | |||||
907 | Entegris, Inc. | 127,470 | |||||
24,387 | Intel Corporation | 1,077,174 | |||||
752 | KLA Corporation | 525,325 | |||||
715 | Lam Research Corporation | 694,673 | |||||
4,781 | Marvell Technology, Inc. | 338,877 | |||||
3,020 | Microchip Technology, Inc. | 270,924 | |||||
6,099 | Micron Technology, Inc. | 719,011 | |||||
277 | Monolithic Power Systems, Inc. | 187,645 | |||||
18,560 | NVIDIA Corporation | 16,770,073 | |||||
2,560 | ON Semiconductor Corporation(a) | 188,288 | |||||
6,254 | QUALCOMM, Inc. | 1,058,802 | |||||
966 | Skyworks Solutions, Inc. | 104,637 | |||||
986 | Teradyne, Inc. | 111,250 | |||||
5,336 | Texas Instruments, Inc. | 929,585 | |||||
30,814,056 | |||||||
SOFTWARE - 9.9% | |||||||
2,615 | Adobe, Inc.(a) | 1,319,529 | |||||
781 | Akamai Technologies, Inc.(a) | 84,942 | |||||
493 | ANSYS, Inc.(a) | 171,150 | |||||
977 | Atlassian Corporation, Class A(a) | 190,622 | |||||
1,227 | Autodesk, Inc.(a) | 319,535 | |||||
1,529 | Cadence Design Systems, Inc.(a) | 475,947 | |||||
1,842 | Cloudflare, Inc., Class A(a) | 178,361 | |||||
1,318 | Crowdstrike Holdings, Inc., Class A(a) | 422,538 | |||||
1,669 | Datadog, Inc., Class A(a) | 206,288 | |||||
3,979 | Fortinet, Inc.(a) | 271,805 | |||||
3,016 | Gen Digital, Inc. | 67,558 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
March 31, 2024 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 80.1% (Continued) | |||||||
SOFTWARE - 9.9% (Continued) | |||||||
260 | HubSpot, Inc.(a) | $ 162,906 | |||||
1,523 | Intuit, Inc. | 989,950 | |||||
57,886 | Microsoft Corporation | 24,353,797 | |||||
377 | MongoDB, Inc.(a) | 135,207 | |||||
8,926 | Oracle Corporation | 1,121,195 | |||||
10,390 | Palantir Technologies, Inc., Class A(a) | 239,074 | |||||
1,691 | Palo Alto Networks, Inc.(a) | 480,464 | |||||
340 | Paycom Software, Inc. | 67,663 | |||||
752 | PTC, Inc.(a) | 142,083 | |||||
599 | Roper Technologies, Inc. | 335,943 | |||||
5,392 | Salesforce, Inc. | 1,623,962 | |||||
1,132 | ServiceNow, Inc.(a) | 863,037 | |||||
1,610 | Snowflake, Inc.(a) | 260,176 | |||||
1,091 | SS&C Technologies Holdings, Inc. | 70,228 | |||||
825 | Synopsys, Inc.(a) | 471,488 | |||||
984 | Twilio, Inc., Class A(a) | 60,172 | |||||
201 | Tyler Technologies, Inc.(a) | 85,427 | |||||
1,035 | Veeva Systems, Inc., Class A(a) | 239,799 | |||||
1,114 | Workday, Inc., Class A(a) | 303,844 | |||||
1,395 | Zoom Video Communications, Inc., Class A(a) | 91,191 | |||||
35,805,881 | |||||||
SPECIALTY FINANCE - 0.4% | |||||||
3,357 | American Express Company | 764,355 | |||||
2,215 | Capital One Financial Corporation | 329,791 | |||||
1,377 | Discover Financial Services | 180,511 | |||||
1,949 | Synchrony Financial | 84,041 | |||||
1,358,698 | |||||||
SPECIALTY REIT - 0.0%(b) | |||||||
1,447 | Iron Mountain, Inc. | 116,064 | |||||
STEEL - 0.1% | |||||||
1,508 | Nucor Corporation | 298,433 | |||||
322 | Reliance, Inc. | 107,606 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
March 31, 2024 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 80.1% (Continued) | |||||||
STEEL - 0.1% (Continued) | |||||||
788 | Steel Dynamics, Inc. | $ 116,805 | |||||
522,844 | |||||||
TECHNOLOGY HARDWARE - 6.3% | |||||||
114,551 | Apple, Inc. | 19,643,206 | |||||
1,374 | Arista Networks, Inc.(a) | 398,433 | |||||
24,059 | Cisco Systems, Inc. | 1,200,786 | |||||
4,223 | Corning, Inc. | 139,190 | |||||
1,558 | Dell Technologies, Inc., Class C | 177,783 | |||||
981 | Garmin Ltd. | 146,041 | |||||
7,251 | Hewlett Packard Enterprise Company | 128,560 | |||||
5,222 | HP, Inc. | 157,809 | |||||
672 | Jabil, Inc. | 90,014 | |||||
930 | Motorola Solutions, Inc. | 330,131 | |||||
1,118 | NetApp, Inc. | 117,356 | |||||
1,187 | Seagate Technology Holdings PLC | 110,450 | |||||
1,924 | Western Digital Corporation(a) | 131,294 | |||||
270 | Zebra Technologies Corporation, Class A(a) | 81,389 | |||||
22,852,442 | |||||||
TECHNOLOGY SERVICES - 4.1% | |||||||
3,876 | Accenture plc, Class A | 1,343,460 | |||||
2,389 | Automatic Data Processing, Inc. | 596,629 | |||||
3,347 | Block, Inc., Class A(a) | 283,089 | |||||
674 | Booz Allen Hamilton Holding Corporation | 100,049 | |||||
647 | Broadridge Financial Solutions, Inc. | 132,544 | |||||
817 | CDW Corporation | 208,972 | |||||
3,052 | Cognizant Technology Solutions Corporation, Class A | 223,681 | |||||
368 | Corpay, Inc.(a) | 113,543 | |||||
2,191 | CoStar Group, Inc.(a) | 211,651 | |||||
363 | EPAM Systems, Inc.(a) | 100,246 | |||||
784 | Equifax, Inc. | 209,736 | |||||
188 | FactSet Research Systems, Inc. | 85,425 | |||||
133 | Fair Isaac Corporation(a) | 166,198 | |||||
3,314 | Fidelity National Information Services, Inc. | 245,833 | |||||
3,545 | Fiserv, Inc.(a) | 566,562 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
March 31, 2024 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 80.1% (Continued) | |||||||
TECHNOLOGY SERVICES - 4.1% (Continued) | |||||||
413 | Gartner, Inc.(a) | $ 196,865 | |||||
1,591 | Global Payments, Inc. | 212,653 | |||||
5,407 | International Business Machines Corporation | 1,032,521 | |||||
381 | Jack Henry & Associates, Inc. | 66,191 | |||||
823 | Leidos Holdings, Inc. | 107,887 | |||||
5,803 | Mastercard, Inc., Class A | 2,794,551 | |||||
908 | Moody's Corporation | 356,871 | |||||
445 | MSCI, Inc. | 249,400 | |||||
1,748 | Paychex, Inc. | 214,654 | |||||
6,316 | PayPal Holdings, Inc.(a) | 423,109 | |||||
1,818 | S&P Global, Inc. | 773,468 | |||||
1,092 | TransUnion | 87,142 | |||||
839 | Verisk Analytics, Inc. | 197,777 | |||||
12,508 | Visa, Inc., Class A | 3,490,733 | |||||
14,791,440 | |||||||
TELECOMMUNICATIONS - 0.6% | |||||||
42,390 | AT&T, Inc. | 746,064 | |||||
2,915 | T-Mobile US, Inc. | 475,786 | |||||
24,875 | Verizon Communications, Inc. | 1,043,755 | |||||
2,265,605 | |||||||
TIMBER REIT - 0.0%(b) | |||||||
4,782 | Weyerhaeuser Company | 171,722 | |||||
TOBACCO & CANNABIS - 0.4% | |||||||
10,754 | Altria Group, Inc. | 469,089 | |||||
9,281 | Philip Morris International, Inc. | 850,326 | |||||
1,319,415 | |||||||
TRANSPORTATION & LOGISTICS - 1.0% | |||||||
11,249 | CSX Corporation | 417,000 | |||||
3,395 | Delta Air Lines, Inc. | 162,519 | |||||
741 | Expeditors International of Washington, Inc. | 90,083 | |||||
1,285 | FedEx Corporation | 372,316 | |||||
493 | JB Hunt Transport Services, Inc. | 98,230 | |||||
1,311 | Norfolk Southern Corporation | 334,135 |
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
March 31, 2024 | |||||||
Shares | Fair Value | ||||||
COMMON STOCKS — 80.1% (Continued) | |||||||
TRANSPORTATION & LOGISTICS - 1.0% (Continued) | |||||||
1,158 | Old Dominion Freight Line, Inc. | $ 253,961 | |||||
3,764 | Southwest Airlines Company | 109,871 | |||||
3,536 | Union Pacific Corporation | 869,609 | |||||
1,521 | United Airlines Holdings, Inc.(a) | 72,825 | |||||
4,381 | United Parcel Service, Inc., B | 651,148 | |||||
3,431,697 | |||||||
TRANSPORTATION EQUIPMENT - 0.2% | |||||||
790 | Cummins, Inc. | 232,774 | |||||
2,923 | PACCAR, Inc. | 362,130 | |||||
1,011 | Westinghouse Air Brake Technologies Corporation | 147,282 | |||||
742,186 | |||||||
WHOLESALE - CONSUMER STAPLES - 0.1% | |||||||
3,152 | Archer-Daniels-Midland Company | 197,977 | |||||
823 | Bunge Global S.A. | 84,374 | |||||
3,009 | Sysco Corporation | 244,271 | |||||
526,622 | |||||||
WHOLESALE - DISCRETIONARY - 0.1% | |||||||
4,721 | Copart, Inc.(a) | 273,440 | |||||
1,284 | LKQ Corporation | 68,578 | |||||
255 | Pool Corporation | 102,893 | |||||
444,911 | |||||||
TOTAL COMMON STOCKS (Cost $225,662,960) | 288,450,281 | ||||||
EXCHANGE-TRADED FUND — 19.8% | |||||||
EQUITY - 19.8% | |||||||
532,315 | Direxion Daily S&P 500 Bull 3X (Cost $55,594,393) | 71,346,179 | |||||
HCM DEFENDER 500 INDEX ETF | |||||||
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) | |||||||
March 31, 2024 | |||||||
Shares | Expiration Date | Exercise Price | Fair Value | ||||
RIGHT — 0.0%(b) | |||||||
MEDICAL EQUIPMENT & DEVICES — 0.0%(b) | |||||||
143 | ABIOMED, Inc. - CVR(a) (c) (Cost $0) | 12/31/2029 | $35 | $ - | |||
TOTAL INVESTMENTS - 99.9% (Cost $281,257,353) | $ 359,796,460 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES - 0.1% | 232,500 | ||||||
NET ASSETS - 100.0% | $ 360,028,960 | ||||||
CVR | - Contingent Value Right |
ETF | - Exchange-Traded Fund |
LTD | - Limited Company |
MSCI | - Morgan Stanley Capital International |
NV | - Naamioze Vennootschap |
PLC | - Public Limited Company |
REIT | - Real Estate Investment Trust |
S/A | - Société Anonyme |
(a) | Non-income producing security. |
(b) | Percentage rounds to less than 0.1%. |
(c) | Illiquid security. The total fair value of these securities as of March 31, 2024 was $0, representing 0.0% of net assets. |